Jan 17, 2013 11:00pm EST
to fly. and thanks to the strength of the global economy no, airline can afford to cancel an order with boeing. jumbo rival airbus sold out for years. and you can't get back in the queue with boeing if you cancel. you will be stuck with older, less fuel efficient planes to deal with a higher priced oil environment when you can fill every seat you have and then some boeing, which should be the single greatest short of our lifetime, frankly, actually rallied 92 cents today. a bear's worst nightmare, which, of course, is there for the single best possible dream. for a bull. now, let's extrapolate the boeing story. we were supposed to have a horrendous, hideous economy. those guys real downers. why? because confidence is way down. because washington's gridlocked. it's horrible down there. president, republicans, care less about the economy. supposed to be crushed, absolutely annihilated about worries of the upcoming debt ceiling, and decimated, laid to waste by the end of the tax holiday. rich people stopped dead in their tracks by new tax hikes. one so steep we were supposed to switch
Jan 16, 2013 3:00am PST
republicans to hold the economy hostage. he said we could be downgraded by the credit agencies. so what happens if the president holds that position, which there's no reason to believe he won't, and republicans hold theirs, the one you just laid out, what happens to the economy? what happens to the politics of it? >> the vast majority of economists would say that on the economic side, it could be catastrophic. we don't know. if you don't lift the debt limit, we don't know what happens with our creditors, we don't know what happens with the strength of the u.s. economy. we do know that bad things probably happen. we also assume that house republicans at the end of the day will blink on this. i just would not make that assumption. i would look back to that tax vote after christmas. three-quarters of the republican party did not go along with speaker boehner on the compromise on increasing taxes. these guys don't care what leadership has to say about this issue. they want to shrink government. they were elected to shrink government. and whether it's defaulted, whether it's shutting down th
Jan 15, 2013 7:00am PST
the full impact. >>> and a troubling sign for the economy and the financial security for millions of americans. a new report showing that more than one-quarter of american workers are dipping into their 401(k) plans to pay their bills. a major increase from just a few years ago. among workers in their 40s, in fact, that number is even higher. it stands at roughly one in three. >>> and a scare for tennis star serena williams, this morning, chasing a ball in the first set of the australian open here. she actually will fall and stay down for several minutes. but after getting her ankle taped, she was able to bounce back and easily win a first-round match. >>> now, a heartwarming end to what we saw at the top of the show. a frightening scene. fans rushing the court after north carolina state pulled a big win over duke. we are going to zoom in, however. you see there, a young fan in a wheelchair at the front of the crowd. actually recording everything from his perspective. you can see him eventually pushed to the floor. he gets lost in this stampede. obviously, a terrifying moment. he'